SkyWest, Inc.
 | |
 SkyWest Inc.'s headquarters in St. George, Utah | |
| Company type | Public |
|---|---|
| Nasdaq: SKYW S&P 600 component | |
| Industry | Aviation |
| Founded | September 8, 2005 |
| Headquarters | , United States |
Key people | |
| Revenue |  US$2.935 billion (2023) |
| US$104 million (2023) | |
| US$73 million (2023) | |
| Total assets | US$7.026 billion (2023) |
| Total equity | US$2.114 billion (2023) |
Number of employees | 13,582 (2022) |
| Subsidiaries |
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| Website | inc |
| Footnotes / references Financials as of December 31, 2023[update]. References:[1] | |
SkyWest, Inc. is the holding company for SkyWest Airlines, a North American regional airline, and an aircraft leasing company and is headquartered in St. George, Utah, United States.
History
[edit]SkyWest, Inc. was established on September 8, 2005, as the holding company of SkyWest Airlines and Atlantic Southeast Airlines (ASA). The leadership of SkyWest Airlines had agreed to purchase ASA from Delta Air Lines amidst Delta's bankruptcy proceedings for US$425 million.[2] The bankruptcy judge approved the all-cash transaction, which helped Delta improve its liquidity; the deal closed on September 8, 2005, the day the holding company was established.[3] SkyWest Airlines and ASA never merged and both airlines maintained separate operations at their respective hubs.
On August 4, 2010, SkyWest, Inc., announced that it would acquire ExpressJet Airlines for US$133 million and merge it into ASA. The combined airline would operate primarily on the East Coast, the South and Midwest, compared to SkyWest Airlines, which would continue to operate primarily on the West Coast.[4] The deal closed on November 12, 2010, and ASA and ExpressJet integrated their operations, and was granted a single operating certificate on December 31, 2011. The combined airline took the ExpressJet name.
On December 18, 2018, SkyWest, Inc. announced that it would sell ExpressJet to ManaAir, LLC, another airline holding company with ties to United Airlines, ExpressJet's sole client.[5][6] The US$70 million deal closed on January 23, 2019.[7] The deal made SkyWest Airlines the only subsidiary of SkyWest, Inc.
In early 2024, SkyWest, Inc. purchased a 25% ownership stake of Contour Airlines to gain access to its infrastructure, personnel, and operational expertise as it launches its own Part 135 public charter operation, SkyWest Charter. SkyWest also plans to supply Contour with CRJ200 aircraft and partner with the airline to both recruit young pilots and provide opportunities to pilots who would otherwise need to retire due to age.[8][9]
References
[edit]- ^ "SkyWest, Inc. 2023 Annual Report Results" (PDF). February 15, 2024. Retrieved March 6, 2024.
- ^ Nii, Jenifer (August 16, 2005). "SkyWest deal: St. George-based firm buys Delta's ASA". Deseret Morning News. Retrieved August 20, 2013.
- ^ "SkyWest Completes Purchase of Atlantic Southeast Airlines" (PDF). www.inc.skywest.com. Retrieved August 20, 2013.
- ^ "SkyWest to acquire ExpressJet in continued US regional consolidation". Centre for Aviation (CAPA). Retrieved August 20, 2013.
- ^ "SkyWest, Inc. Enters into Agreement to Sell ExpressJet Airlines" (PDF) (Press release). SkyWest, Inc. December 18, 2018.
- ^ Snyder, Brett (December 20, 2018). "There is a Reason United's Purchase of ExpressJet is So Complicated". Cranky Flier. Retrieved January 25, 2019.
- ^ ExpressJet Airlines (January 23, 2019). "ManaAir Announces Completion of ExpressJet Airlines Acquisition". www.prnewswire.com. Retrieved January 25, 2019.
- ^ Hardee, Howard. "SkyWest acquires partial ownership of US charter operator Contour Airlines". Flight Global. Retrieved February 2, 2024.
- ^ Ewing, Ryan (February 2, 2024). "SkyWest Acquires Stake in Contour Airlines, Bolsters Charter Presence". AirlineGeeks.com. Firecrown. Retrieved February 2, 2024.
